1 min read
Includes developments in relation to: financial data access; UK sustainability reporting standards; Sexism in the City; Consumer Duty; cryptoassets; digitalisation in finance; CRR; MREL; solvent exit planning; ESG terminology; equivalence decisions; SDR; Pensions Dashboard Programme; CFD fraud; and unauthorised financial promotion.
General
- Legislative proposal for a framework for financial data access - ECON votes to adopt draft report
- UK sustainability reporting standards - DBT publishes framework and terms of reference
- Accountability hearing - FCA gives evidence to Treasury Committee
- Sexism in the City inquiry - Responses from HM Treasury, PRA and FCA published
- Consumer Duty for closed products and services - FCA publishes Dear CEO letters
Banking and Finance
- Cryptoasset prudential standard - BCBS publishes update
- Digitalisation of finance - BCBS publishes report
- Draft RTS on equivalent mechanism for unfinished property under CRR - EBA consults
- MREL policy - updated by SRB
- Solvent exit planning for non-systemic banks and building societies - PRA publishes Dear CEO letter
Securities and Markets
- Capital Markets Union - Eurogroup agrees roadmap to delivery
- The Markets in Financial Instruments (Equivalence) (United States of America) (Commodity Futures Trading Commission) Regulations 2024
Asset Management
- Fund names using ESG or sustainability-related terms - ESMA update on adoption of guidelines
- Cost disclosure requirements for listed investment companies - FCA responds to Committee
- The Financial Services and Markets Act 2000 (Overseas Funds Regime) (Equivalence) (European Economic Area) Regulations 2024
- Implementing the SDR - IA publishes guidance
- Sustainable and responsible investment for central banks - NGFS publishes report and technical documents
Insurance
- Pensions Dashboard Programme - NAO publishes report
Enforcement
- FCA cancellation of listing decision - challenge withdrawn
- CFD trading pension fraud - FCA charges three individuals
- Alleged promotion on social media of unauthorised FX trading scheme - FCA charges nine ‘finfluencers’
- Banque Havilland, Edmund Lloyd Rowland, Vladimir Bolelyy and David John Rowland v The Financial Conduct Authority